India leading automaker, Maruti Suzuki India has said that it has recorded an increase of 6.54 per cent in sales to 1,18,949 units in February 2012 compared to 1,11,645 units in the same month previous year.

The company has recorded its highest ever domestic sales in the current financial year at 1,07,653 units, compared to 1,01,543 units in the previous year period, recording a growth of 6.02 percent, Maruti Suzuki India (MSI) said in a statement.

The company also said that domestic sales in January was the second highest ever following the record of 1,10,424 units sold in March 2011.

The export of vehicles grew 11.82% to 11,296 units in February compared to 10,102 units in the same period previous year, according to the company.

The shares of the company grew 4 per cent on the domestic stock exchange. The stock rose to the level of Rs 1,316 in late morning trade and was then trading at 1,305.55 at the Bombay Stock Exchange (BSE) at the time of reporting.